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2026-05-11All stories Headlines Search Latest

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Oil & Gas

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2 stories indexed

2026-05-11

2 stories

Stacked gold bars under directional light, with a slight reflective sheen — illustrative imagery for Newsorga's coverage of Monday, May 11, 2026 commodity moves in which spot gold fell 1% to $4,669.82/oz and Brent crude rose 4.11% to $105.45/bbl after US President Donald Trump rejected Iran's 14-point peace proposal as 'totally unacceptable' on Truth Social on Sunday afternoon.

Markets

Oil rallies and gold slides as Trump's 'totally unacceptable' rejection of Iran pushes Brent past $105 and WTI to $100, with Netanyahu, drone strikes near Qatar and a $4 prompt backwardation backing the move

2026-05-1111 min read

A red-and-white crude oil tanker at sea under an overcast sky — illustrative imagery for Newsorga's coverage of Japan's first Caspian-region (Azerbaijani ACG) crude oil cargo arriving on Tuesday, May 12, 2026, the first Central Asian delivery to a Japanese refinery since the Iran war and Strait of Hormuz blockade began in late February 2026.

Markets

Japan to receive first Caspian crude tanker since Iran war began, with Azerbaijani cargo due Tuesday and INPEX redirecting Kashagan and ACG barrels from Europe

2026-05-1113 min read